Yanzhou Coal Mining plans dollar-denominated bonds

By Rebecca Melvin

New York, Nov. 19 – China’s Yanzhou Coal Mining Co. Ltd. said it plans to issue U.S. dollar-denominated senior bonds (BB) to institutional investors under Regulation S.

Deutsche Bank, CMB International and Standard Chartered Bank are the joint global coordinators, joint bookrunners and joint lead managers for the proposed bonds, and Haitong International and CEB International will also be joint bookrunners and joint lead managers for the bonds guaranteed by the company.

According to S&P Global Ratings, the notes will be issued by Yancoal International Resources Development Co. Ltd. and guaranteed by Yanzhou Coal.

Proceeds will be used to repay debt and for working capital and general corporate purposes.

Yanzhou is a coal company based in Zoucheng.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.